Funding for Fintech Startups Poised to Hit a Record in 2017
- More than $8 billion raised in fintech so far in 2017
- Five companies join unicorn status with values over $1 billion
IOHK CEO Hoskinson Sees Bright Future for Bitcoin
This article is for subscribers only.
Financial technology startups are on pace to see funding reach a record as insurance, wealth management, lending and blockchain-related companies attract new dollars.
So far this year there have been 496 deals globally, raising a total of $8 billion, according to a new report from CB Insights, a technology industry research firm. That’s just $6.1 billion shy of the annual record set in 2015, shortly after companies like LendingClub Corp. and On Deck Capital Inc. went public. In the second quarter of this year alone, more than $5 billion was raised, the report showed.